Japan’s largest bank by market valuation said profit totalled 989.7 billion yen ($9.01 billion), versus 926.4 billion yen a year earlier. The result compared with the 1 trillion yen average of 13 analyst estimates compiled by Thomson Reuters.

For the year ending March 2019, MUFG forecast profit of 850 billion yen. That compared with an average analyst estimate of 984.3 billion yen. ($1 = 109.8200 yen) (Reporting by Taiga Uranaka Editing by Christopher Cushing)